IZ 


nyo 


Conf  Pam  12mo  #63 

DTlD2bDS3Y 


j$f^5 


[House  of  Representatives,  No.  285.] 

HOUSE  OF  REPRESENTATIVES,  December  24,  1864  -Read 
first  and  second  times,  referred  to  Committee  of  Ways  ojid  Means, 
acd  ordered  to  bo  printed. 

[By  Mr.  Sexton. 


A    "BTT.T. 

To  be  entitled  An  Act  to  lay  a  tax  for  rcvemie  to  provide  for  the 
common  defence  and  carrying  on  of  the  Government  of  the 
Confederate  Stafr-  , 

1      The.   Co/icrrcss  of  thv    Con  fe.de  rntf    St  at  s  of  .finierica  do  enact  ^ 

2    That  from  nnd  nffer  llio  fi rF<  dny  or  Jnnnri  '.  ]  '^^.r-)^  there  shall 

3  be  levied  oil  tlic   suI>j(m  i^      i   i:!\;=  -'iMafter  mentioned, 

4  and  collected  from  every  person,  copartnership,  association  or 

5  corpoiati'iu  li^ible  tlserefor,  tfixo^  as  follows,  to-^  •(. : 

1  1.        ^.    pi.Mi    llr>'    \;<lut.'   <ii     ,111.   pr*.v.>- 

2  every  kind  an.i  description    nut  iiereii)aifcer  exem[>ted  or  taxed 
8  at  a  different  rate,  two  for  cent  :     Providtd,  That  fro  n  the  tax 

4  on  the  value  of  pioperty   e  'ployed  i?i  ,"  '•  •?  •.''^•-  -■    '".n  bo  de- 

5  ducted  the  value  of  the  tax  in  kind  derived  therefrom  during 

6  the  same  year,  ay  assessed   under  the  law  imposing  it.  and  de- 

7  levered  to  the  Government,  whether  deiiveiv.  .  ....; 

8  or  afterwards,  including   the   Ijacon,   deiiverabic  ali.Ui-  and  not 

9  prior  to  the  assessment  of  the   tax  on  j)roporty   employed  iu 


10  agriculture  as  aforesaid  ;  and  the  collection  of  the  tax  on  such 

11  property  i^hall  be  suspended  after  assepsment,  under  the  order 

12  of  the  Secrf^tnr?  of  rhe  Trr.n?urv.   yntil    the  vain?  of  the  tithe 

13  to  be  dcdi;^  .  ....;oitained,  it 

14  shall  be  the  uurv  ..,.   ui-i    x  O:-.  u^iii"terma:jicr  to  certif)',  and  of 

15  the  District  Collector  V  deduct,  the  value  of  such  tithe;  Provided^ 

16  That  no  credit  on  account  of  the    tav    in  kind  beyond  two  per 

17  cent,  sliall  be  allovvid. 

1  11.     On  the  value  o^  -""!  i  -  <i  ^'fvn;.   ..^a^.e   and  ])late,  jewels, 

2  jewelry  and  watchc!^  percent. 

1  VJ.     Property  taxed  under  this  section  shall  be  assessed  at  its 

2  market  value  in  Con^oderote  Treasury  notes  at  the  time  of  its 

3  assessment. 

1  SfcC.  2     The   property  and  asB^r^:  >^c  '"••••^-  -ations,  associations 

2  and  joint  stock  companies  of  evoiy  description,  whether  incor- 

3  porated  or  not,  shall    be  assessed  and  taxed    in  the  same  man- 

4  ncr  and  to  the  same  extent  .'S   the  property  and  assets  of  indi- 

5  viduals;  the  tax  on  such  property  and  r,--:-:ols  to  [>c  Mssof^.-^d  against 

6  and  paid  by  such  corporations  '■""^  ;  .  ,^,j,;  ..lun^s:   Pro- 

7  vid(d,  That  no  biuik  or  banking  couipany  shall  be  liable  to  pay 

8  a  tax  upon  deposits  of  money  to  the  credit  of,  and  su]>ject  to, 

9  the  checks  of  oiiioih.-:  And  provided  further,  That,  as  to  banks 
10  and  banking  companies,  the  tax  h.  -vidt-d  for  sliali  l>e 
U  assessed  only  against  the  sum  of  the  cap'i.x!  ond  bui pius  prolits 
12  of  each  bank  or  banking  company,  and  that  a  tax  of  twenty  five 


8 


13  per  cont.  is  hereby  laid  upon    he   notes  of  each  bank  or  bank- 

14  iv.g  company  which  shall  be  pai  1  in  specie  and  Treasury  notes 

15  of  the  Confederate  States,  the  rpecie   tax  to  be  in  the  propor- 
IG  tion  that  Hie   specie  lield  by   each  ^ank   or  banking  company 

17  bears  to  tha  sum  o{"  lis  outstanding  notes.     And  all  bill  holders 

18  who  Si^all  present  bank  bills  or  no'cs  to  the  bank  from  which 

19  they  were  issued   and  moke   afSdavit  that   said  ".bank  bills  or 

20  no^r-:^  w.^vo   rni  fl.i-.  dr.v  cS  f^'o  T'.'^-^>'ni^n  of  "this  A!V:t,  the  property 

21  of  loyal  citizen.;  or  aliens  in  aniit)  w.l;?:  the.'Jonfederate  States, 

22  shall  pny  a  tax  of  five  ])or  cent,   only  fin3-in'thc  same  propor- 

23  lion  a?  to  speciii  and  Confederate  '^'tates  Treasttry  notes  as  here- 

24  inbefore  proviucii.    v^i.li  j  vjiui-^.i^-o  i-)   i-^-jko    aiid  banking  com- 

25  panics. 

1  Sec.  3.     I      Upon  the  amount  of  all  gold  and  silver  coin,  gold 

2  dust,  gold  or  sihx^r  bulii-.n,  moneys  held  abroad  or  bills  of  ex- 

3  change  drawn   therefor,  promissory  notes,  rights,  credits   and 

4  securities  payable  in   foreign  countries,   two  per  cent,  to  ho 

5  paid  in  snecie   or  in  Treasury  notes  of  the  Confederate  States 

6  at  their  value   as   compared  vv^iih  specie  at  the  time  the  tax  is 

7  payable :  the  relative  value  of  spec'e   and  Confederate  States 

8  Treasury  notes  for  th^  parpos^s  of  payment  under  this  Act,  to 

9  be  fixed  by   regulations  prescribed   by   the  Secretary  of /the 
10  Treasury. 

1  IL     Upon  the  amount  of  all  solvent  credits,  end  all  other  paper 


4 

2  issued  as  currency,  exclusive   of  Coufederate  States  Treaj^ury 

3  notes  and  of  hank  bills  and  notes  ta\-ed  as  provided   in  section 

4  second  of  this  &rt,  two  per  cent. 

1  Sec.  4.     Upon  profits  made  in  trade  a-d  business  as  follows  : 

1  I,    On  all  profits  made  by  buying  and  selling  spirituous  liquors, 

2  flour,  wheat,  corn,  nee,  sugar,   molasses  or   ^yrup,  salt,  bacon, 

3  pork,  hogs,   beef  cr'  beef  cattle,  bhecp,  oats,   hay,  fodder,  raw 

4  hides,  leather,  hor?c?,  niulc!:,    boots,  shoes,    cotton  3  arns,  wool, 

5  woolen,  c"  i/i;  ''  ii-^xed  elotlis  hats,  wagon^^.  harnos-,  coal,  iron, 

6  steel  or  nails,  twenty-five  per  cent  jwr  annum. 

1  II.     On  all  prr^fits  made  by  buying  and  selling  money,  gold,  sil- 

2  ver,  foreign  exchange,   stocks,  rotes,  debts,  credits  or   o'jligf:- 

3  tions  ol   any  kind,  and   anv  u.erchandiso,  proper  y  or  effects  of 

4  any  kind  not  enumerated  in  tlie    preceding  p:3ragraph,  twenty- 

5  tive  per  cent  per  anuuuj. 

1  III.     On  ihc  aniount  of  profits  exceeding   twenty-five    per  cent 

2  made  during  any  one  year  by  any  bank  or    banking   company, 

3  insurance,  canal,  navigation,  importing  and  exporting,  telegra 

4  phic,  exi^ress,  railroad,  manufacturing,  dry  dock,  or  other  joint 

5  stock  company  of  any  description  whether  incorporated  or  not, 

6  or  by  ai;y   person,  C'">par[nership  or  associaiion  engaged  in  any 

7  business  which  would  be  taxable  under  this  section  if   engaged 

8  in  or  pursued  b;.  aj;y  oi  the  companies  herein  above  enumerated, 

9  t\\ent}-hve  pci'  cei.t  on  such  excess. 


5 

1  Sec.  5.    Sections  6,  7,  8,  9  and  14  of  an  act  entitled  "An  Act  to 

2  amend  an  act  entitled  '  An  Act  to  lay  taxes  for  the  common  de- 

3  fence  and  carry  on  the  government  of  the  Confederate  States/ 

4  approved  April  24th,  1863,"  approved  February  17th,  1864,  are 

5  hereby  repealed.  ^ 

1  Sec.  6.     The  taxes  levied  by  this  act,  except  as  provided  in  the 

2  first  section  thereof,  with  regard  to  the  tax  levied  upon  property 

3  employed  in  agriculture,  shall   be  due  and  payable  on  the  1st 

4  day  of  June  next,  or  as  soon  thereafter  as  practicable,  and  shall 

5  be  assessed  and  collected  in  accordance  with  ej  isting  laws  pro- 

6  viding  for  the  assessment  and  coUection  of  taxes. 

1  Sec.  7.     The  following  exemptions  from  taxation  under  this  act 

2  shall  be  allowed,  to  wit  : 

1  I.     Property  of  each  head  of  a  family  to  the   value  of  fire  liun- 

2  dred  dollars  ;  and  for  each  minor  child  of  the  family  to  the  fur- 

3  ther  value  of  one  hundred  dollars  ;  and   for  each   son  actually 

4  engaged  in  the  army  or  navy,  or  who  has  died  or  been  killed  in 

5  the  military  or   naval  service,  and  who  was  a  member  of  the 

6  family  when  he  entered  the  service,  to  the  further  value  of  five 

7  hundred  dollars. 

1  II.    Property  of  the  widow  of  any  officer,  soldier,  sailor  or  ma- 

2  rine,  who  may  have  died  or  been  killed  in  the  military  or  naval 

3  service,  or  where  there  is  no  widow,  then  of  the  family,  being 

4  minor  children,  to  the  value  of  one  thousand  dollars. 


6 

1  III      Property  of  every  officer,  soldier,  sailor  or  marine,  actual- 

2  ly  engaged  in  the  military  or  naval  service,  or  of  such  as  have 

3  been  disabled  in    such    service,  to    the  value  of  one    thousand 

4  dollars.  Provided,  Tliat  the  above  exemptions  ssall   not  apply  to 

5  any  person  whose  property,  exclusive  of  household   furniture 

6  shall  be  assessed  at  a  value  exceeding  one  thousand  dollars. 

1  IV.     Where  property  has  been  injured  or  destroyed  by  the  ene- 

2  my,  or  the  owner  thereof  has  been  temporarily  deprived  of  the 

3  use  or    occupancy  thereof,  or  of  the  means  of  cultivating  the 

4  same,  by  reason  of  the  presence  or  proximity  of  the  CDemy,  the 

5  assessment  on  such  property  may  be  reduced  in   proportion  to 
G  the  damage  sustained  by  the  owner,  or  the  tax  assessed  thereon 

7  may  be  reduced  in  the  same  ra^io   bv  the  District  Collector,  on 

8  satisfactory  evidence  submitted  to  liim  by  the  owner  or  assessor. 


Hollinger  Corp. 
pH8.5 


